A new report from the All-Party Parliamentary Group for Entrepreneurship calls on the Government to expand and reform its two flagship schemes for boosting the productivity of Britain’s small- and medium-sized enterprises.
Supporting SMEs Successfully finds that while the Help to Grow schemes have shown promise, they are still falling short of their full potential.
UK labor productivity is in a sorry state. While it grew at 2.7% per annum on average between the 1970s and the 2008 Financial Crisis, since then it has only grown at a rate of 0.5% per annum on average. UK labor productivity is now 23% lower than in the